I had the honor of speaking at the Wire Association’s Operator Summit earlier this month in Dallas and was amazed to hear how many companies are struggling to hire people. Below are some takeaways from the event.
Companies need to be creative to find ways to attract the right people. Embrace flexibility, alternative hiring sources, part time and weekend shifts.
One company is having success allowing people to work 36 hours on the weekend but paying for 40 hours. These 12-hour Friday through Sunday shifts allow employees to go to college and finish their degrees. Due to this practice and the part time scheduling, this company is fully staffed during the weekend shifts.
Also consider the following potential talent pool:
Make sure to consider alternative hiring sources. Our Egret Survey found that 34% of people were contacted by recruiters and 31% were referred by an employee. Do you give referral fees to your employees? According to LinkedIn, the average referral fee is $2,500 and according to goremotely.net, referred employees produce 25% more profit than other employees and the retention rate is longer.
Other hiring sources discussed by several companies that attended were:
Once you find candidates, work on improving your hiring process. That process is crucial to how candidates and new employees view your company.
Egret has found that candidates have numerous opportunities available in this job market. Be ready to move quickly and have good, solid offers prepared. Also be ready to negotiate. Flexibility is key!
Next month I will cover “How to Prepare a Good Offer and Retain Employees.”
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